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English 55
Search Results 0 to 49 of about 55 (some duplicates have been removed)
FOX Business
Dec 26, 2012 11:00pm EST
. now time for your h comments. writing into their hope barack obama gets all the taxes he wants. i'll bthe first to say i toldd you so when the consequence happens.n t people learn the hard way.n obama never negotiate, he just demands something of complaints. when he doesn't get what he wants. he is far more mature than that, don't you think? we will keep thinking about that. thank you for your comments. we love hearing from you. we love hearing from you. >>> a massive winter storm wreaks havoc bringing blinding snow and devastang tornadoes. at least six are dead, over a thousand flights canceled nationwide stranding holiday travelers and worries things could get worse. welcome, i'm eric bolling in for neil cavuto and this is your world and we're tracking a deadly winter storm as it makes its way towards the east coast. in indiana, heavy snow stranding dozens of vehicles asolkseal with blizzard. a foot in bloming to know. across the south and southst 34 twisters leveled homes. in mississippi for than 25 people injured and 70 homes damaged. that number expected to rise. the storm kn
FOX News
Dec 26, 2012 1:00pm PST
in tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall street journal" story before christmas that went through the timeline of how this happened between painer and the president -- boehner and the president. boehner put the rough knee on the table and the president saying that's what i get out of the gate. you get nothing for that, which was a surprise to the speaker. he said if we go over the cliff, that the president threatened boehner, he said i will use my inaugural address to blame you for tax increases and for the fiscal cliff going overboard. that brings out pretty big guns when it comes to a president's bully pulpit. if atlantes to use that to play politics, that's significant. >> i have to bring this up. but how did they get to the point where the speaker tried to bring a vote to his caucus to be rejected? how did they not see that coming in why did he bother trying to bring the vote? >> because there's two
FOX News
Dec 29, 2012 10:00am PST
to be hammered out shall the threshold for extending the push tax cuts and president obama campaigned and sounds like, 400,000 may be where they're heading. a leader says that permanency is key, and fixing the death tax and a permanent solution for the alternative minimum tax which threatens 28 million americans every year, would also help win republican support, heather. >> mike emanuel reporting from washington with the latest, thank you, mike. >> kelly: heather and mike, thank you very much. and president obama trying to light a fire under congressional lawmakers, urging them to come up with a deal after friday's bipartisan white house summit. >> we're now at the last minute. and the the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> kelly: so the question becomes, why can't washington seem to work this out? why has it taken so long when they knew they had this fiscal cliff coming to them? joining me now for a fair and balanced debate on the topic, angela mcglowan is with us, and mark hanna, a strategist and former aide to the john
MSNBC
Dec 31, 2012 2:00am PST
.2 trillion in federal spending cuts kick in. the payroll tax holiday enacted under president obama will expire. the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiations. what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate will get back network. when they do they won't have a lot of time to come up with a deal to avoid those spending cuts and tax increase. both sides are still divided but just before calling it quits yesterday democratic leader harry reid said he hoped to have an announcement in the morning when senate gets back network. where are they divided inspecifically divided at what salary taxes should increase but there was progress in terms of tax increases for the wealthiest of americans, also avoiding the inheritance tax increases and democrats say that they are grateful republicans have given up a demand for cuts to social security at least for now. now this progress has not come easy. democrats have accused repub
CNN
Dec 28, 2012 2:00am PST
, instead just voting to reinstate a tax cut, that then it sort of president obama's tax cut so he gets credit for that. >> do you have any sense of what will happen around that table today? who called the meeting if there's an agenda or are they going to sit around and stare at each other until one of them blinks? >> we don't have a sense. i'm sure that we will be getting a sense. this is supposed to take place at 3:00 p.m. at the white house. the vice president, president and four top congressional leaders. we don't know what will be said. i think we will likely hear from some camps afterwards. >> if you are wondering what a trip down the fiscal cliff might mean for your paycheck, for your 401(k), look no further than yesterday's dow. at the opening bell, a dive of more than 1%. investors finding little hope for the fiscal cliff compromise on capitol hill. when word came down two sides might be meeting. reversal of fortune. the dow rebounding for a while before finishing slightly lower. >>> a nation this morning remembering the american general credited with orchestrating one of the m
FOX News
Dec 29, 2012 1:00pm PST
i know. so now they squabble the tax hikes but now is time for president obama to be talking about raises in washington. who is going to get a bump in pay. new reports that secretary of state hillary clinton is returning after three weeks from recovering from a virus. now she is set to testify on the terror attack in libya that left four americans dead. the question that she will face when she goes to the hill. we'll talk about it. [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have
MSNBC
Dec 27, 2012 8:00am PST
that every obama has tried to do. it's really over a tax increase, and for what? it's really to stop primary challenges. that's what this is all about. i mean, it's really bringing the country to a standstill for their own political short term. >> "new york times" is talking about the urgency issue in all of this, and lacking urgency that we have witnessed. they say, yeah, with days left before the fiscal punch lands, both sides are exhibiting little sense of urgency. rather than to foster progress. perry is that the biggest thing, the primaries moving out of this and how everything looks back? >> i think there are two things going on. the first is democrats generally feel they won a man dade. they're not backing down -- the second thing is the primary issue. you have members of congress say last week there was a proposal to raise taxes, and a lot of republicans said i can't vote for that, a million only tax increase. they were worried about primaries. that's driving this in a very strong way. >>> there are people in washington, d.c. that will tell us this is how it all happens. congressman
FOX News
Dec 30, 2012 9:00am PST
obama campaigned campn capping it at $250,000, raising taxes on those who earn more than $250k, but some of the discussion and it is buzz around capitol hill has been about perhaps going to the $400,000 mark. the question is, will you get enough republicans to buy in if that is the deal? shannon? >> thanks to mike on capitol hill. we will continue to check in. now to ed henry, continuing our live team coverage from the white house. good afternoon, ed. >> reporter: good to see you, this is the president going out and trying to frame this debate on his own terms, appearing on a sunday talk show for the first time since 2009, when he was pushing health care reform, now, obviously trying to sell a fiscal cliff deerl deal. he went on nbc's "meet the press," again and again, he hammered the message, trying to put the blame on republicans for the fact we are up against this tight deadline. the president made clear that if republicans in the next 48 hours do not come up with a counter proposal to get us through this crisis, he wants an up-or-down vote on his short-term plan to extend unemploymen
CNN
Dec 24, 2012 8:00am PST
to santa. a grand bargain isn't going to come by christmas or new year's when all sorts of tax increases and automatic spending cuts take effect. it may take up president obama's bare bones stopgap measure. that plan would block tax hikes for those earning $250,000. it would extend unemployment benefits to 2 million americans and put off spending cuts until the new year brings a new congress. our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's
MSNBC
Dec 28, 2012 11:00pm PST
with congressional leaders this afternoon and declared he was modestly optimistic about a deal on taxes. speaking in the white house briefing room, president obama condemned congress for failing to resolve its differences in any normal way. >> christin, let's take a listen to what the president said about the up or down vote about what he expects to emerge from the senate. >> i just had a good and constructive discussion here at the white house with senate and house leadership about how to prevent this tax hike on the middle class. i'm optimistic. if an agreement isn't reached in time, between senate store reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote. i believe such a proposal could pass with bipartisan majorities. >> this up or down vote seems to be the big news of the day. isn't this what the white house wanted all along? >> well, it is. it's president's obama's way of saying vote on his basic proposal. it would extend in employment insurance benefit and deal with unemployment insurance cuts. >> so the question is, could
ABC
Dec 30, 2012 11:00pm PST
to be to make sure that taxes on middle class families do thought go up that would hurt our economy badly. we can get that done. >> president obama called for immediate action, but there was that vote in the senate tonight. >> we are going to come in at 11:00 a.m. tomorrow morning, and we will have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> mitch mcconnell frustrated with the lack of progress called vice president biden in for help. biden is now said to be playing a direct role. >> there is no single issue that remains an impossible sticking point. the sticking point appears to be a willingness or interest or want to close the deal. >> drastic spending cuts will go into affect and taxes go up for everyone. the tax impact for the average american family is more than $3400. senate leaders continue to work on the stop gap bill. the sticking points remain. >> there is still significant distance between the two sides. negotiations continue. >> negotiations will continue through the night. now with just hours to go until the deadline. abc news, washington. >>> as
CNBC
Dec 24, 2012 5:00am EST
. >>> the deadline to avoid the fiscal cliff is just a week ago. on fri, president obama said he still hoped to work out a deal to keep taxes for 98% of americans from going up on the first of january. but both sides aren't talking and congress is in recess until after christmas. republicans aren't holding out any hope for a deal. >> i would hope that we would have one last attempt here to do what everyone knows needs to be done, which is a larger plan that really does stabilize the debt and get us moving in the right direction. >> if we get down to the end of this year and the oil only choice we have is to save taxes going up on the middle class, then i would support that. but i wish we had a comprehensive bill that dealt with spending and entitlement altogether. >> i believe the president senses a victory at the bottom of the cliff. >> some finger pointing. other republicans are now looking past new year's day to the next battleground. >> i will raise the debt ceiling only if we save medicare and social security and prevent this country from becoming greece. no more borrowing without addressing wh
MSNBC
Dec 30, 2012 9:00am PST
forward a little bit more, president obama more on spending reductions including entitlement reform, he did do some and mr. boehner, speaker boehner coming forward not just $1 million having a tax raise, those earning $400,000 to $500,000, you can get the grand bargain. it's not what we are talking today. get the fiscal cliff to where you change the scale to a bunny slope, where the skier can pick up speed, accelerate the economy up to 3%, only reducing the debt reduction down 200 billion. then with the surging economy, you get $3 trillion in february before the debt limit is broken, then the economy is so strong it can take the grand compromise and roar into the next nine years. that's the grand compromise. >> i heard you use that reference of the bunny slope. we are about to hit the bunny slope as opposed to the fiscal cliff. this is from an article in the washington post. if an agreement is reached, taxes would go up a bit for the wealthy. there would be no changes to entitlement programs, medicare, social security, no grand strategy to race cash through a tax code. a fresh start for
CNN
Dec 28, 2012 9:00am PST
or not all of our taxes go up. president obama and congressional leaders with trying to come up with this last-minute deal to avoid the so-called fiscal cliff, the massive tax increases and spending cuts to take place in four days. the president and vice president will be meeting with house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid, and minority leader mitch mcconnell. and watching all this, jessica yellin live at the white house. jess, what do we think is going to happen here? >> reporter: well, based on the expectations around town, the thought is the president and democrats will lay out an alternative, scaled-down proposal. and there will be discussions about what could be in the details of a proposal they could vote on, in theory, this weekend. the ideal outcome would be all the members agree to the terms of that deal. and then the two senators in the room agree that they can get their parties to bring it to a vote with no one filibustering it. and then on the house side, speaker boehner would agree that he will put it on the house
FOX News
Dec 26, 2012 6:00am PST
no deal's reached, barack obama and democrats immediately propose to relower the tax rates to bush levels for all but the top 2%, and republicans find themselves opposing it on behalf of their millionaire friends will be the democratic charge. so that's kind of a nightmare scenario for democrats, and it's why you saw john boehner, speaker of the house, offer to raise taxes on americans who mange more than $1 million a year. patti ann: yeah. so the idea, though, behind this fiscal cliff is that it was supposed to have items in it that were unacceptable to both sides so that both sides would be motivated to not go over that cliff with the understanding that they might not be able to fix it all with legislation after the fact. so are there items in there that democrats would really not want to see enacted with the fear that maybe they couldn't get them rolled back? >> well, you're right, but it wasn't quite equal. the two big disasters of the fiscal cliff are, one, tax cuts, tax rates going up for everybody, and, two, all of these automatic spending cuts in place. but democrats feel confiden
NBC
Dec 29, 2012 7:00am EST
. with steep tax hikes and deep spending cuts looming, president obama used the power of his office to turn up the pressure on congress, making a quickly arranged appearance in the white house briefing room friday. >> the hour for immediate action is here. it is now. i'm modestly optimistic that an agreement can be achieved. >> reporter: the president repeatedly tapping into the public's frustration to bolster his argument. >> the american people are not going to have any patience for a politically self-inflicted wound. ordinary folks, they too their jobs. the notion that our elected leadership can't do the same thing is mind-boggling to them and needs to stop. >> reporter: the stern words came on the heels of an hour-long meeting with congressional leaders. sources close to the talks say mr. obama gave lawmakers two options. either come up with a bill that can pass both houses or allow a vote on his plan which among other things would extend unemployment benefits and tax breaks for those making $250,000 or less while allowing rates to raise on wealthier americans. something many republicans o
FOX News
Dec 30, 2012 3:00am PST
. >> juliet: president obama continues to push for tax hikes on the rich. and france lost a bid to raise taxes and he want today raise to 75%. now, there weren't a lot of people he was focused on, really not that much money, he was going to raise, but the fact is he wanted the french judicial council, however, said it would have been excessive and unconstitutional. joining us-- >> sorry, dave. >> dave: and for tax foundation from the heritage foundation. >> juliet: good morning, curtis. >> good morning. >> dave: what's the deal here, the decision made is not unconstitutional, but bottom line, bad for the economy? i think we can learn from this? >> that's right, the court has bailed them out. and the tax increase, 75% rate was going to really damage the french economy. the french economy's already strugglingling and adding on the economy would be worse. >> i'm looking at it, expected to be a temporary two year measure and affect 1500 people and raise less than 661 million dollars. >> but the revenue we brought in, and what it would have done, it would have reduced the incentives, and working an
CSPAN
Dec 28, 2012 7:00am EST
unbiased taxation by using a flat tax. that way you can calculate the amount of taxes we need for the deficit over 10 years. another point is to control the spending on entitlements by not giving millionaires social security benefits, thereby satisfying president obama's approach. instead of doing it through taxation, he can do it through the entitlements. guest: those are both ideas that have been raised, especially the social security and medicare benefits for the wealthy and potentially might not need them to live off of. one tricky part of that is wealthier americans have been paying these taxes for decades into social security and medicare if and a lot of folks have a problem with the idea of taking away their benefits they have paid for if just because they happen to be more well off. and issued the first caller raised and something to watch is this could really sort of set the tone for the president's second term. if this thing gets ugly and stays ugly, it's probably going to stay that way at least another year or two expand the next thing you know, he's a lame duck pre
NBC
Dec 30, 2012 6:00am EST
homeless. >> and meanwhile, president obama has been consistent in raising taxes on wealthy americans. and david gregory sat down with the president for an exclusive interview you will see coming up on "meet the press." >>> and police found a body last night around 8:30 in southwest d.c. the victim was behind the wheel when he was shot and then he crashed into a tree. no word on the developments in a search for a gunman or if there has been an arrest. >>> family friends and classmates will hold a can light vigil. >> the 22-year-old. police found string fellow dead. they say the two planned to meet. stringfellow played football in prince william county. >> it was really hard for me. because he was one of those guys my freshman year he brought me under his wing and showed me what to do and not to do, and it hurts me to see him gone like that. >> he played football in virginia and he was a sophomore. >>> today brings a very rare opportunity to see part of american history. the national archives is celebrating the 150 year anniversary by giving achance to see it up close. the proclamation
CNN
Dec 27, 2012 2:00am PST
of the fiscal cliff package that president obama laid out last week. that moved the tax hike needle to $400,000. no word on when the house might come back with time ticking away. democrats are hoping the scaled-back plan could get through the house, senate and white house before january 1st. sometime on december 30th, maybe even new year's eve is when they're probably going to get that deal done but let's go to jonathan allen, a senior washington correspondent for politico. the top headline on politico this morning, fiscal cliff deal increasingly unlikely. jonathan, really? >> i think there's a lot of pessimism here in washington. you've got, as you pointed out, five days left. i think the real indicator here is that none of these parties are moving off their position. the senate democrats, the house republicans, the white house. there hasn't been any reason for folks to look at what's going on and say, oh, i see where a deal could be coming together. so what you've got is what's described in economic game theory is where everyone has decided on their strategy, looked at the strategies of t
PBS
Dec 30, 2012 10:00am PST
, it involves tax policy, it involves job training. i think that is the core promise of obama's second term and that's where he's gonna have to put a lot of attention. >> in your book, our divided political heart, you talk about our historic attention to individual matters and on the other hand, the community, the group. do you see signs now in this climate that the gap between those two ideas can be narrowed? >> well, i thinhistorically we always have as a country. we've always upheld both individualism and community as part of us, and i think what you've seen on the conservative politics, historically conservatives cared a lot about community as well as individualism and i think over the last two to four years, partly because of the tea party, you've had much more emphasis on the conservative side, on individualism, and i think since the election you've had sort of the compassionate conservatives that start to make a comeback, conservatives who say, "we do need this balance," and so i'm looking, i think as a country, we essentially voted foralance and i think a lot of conservatives want t
CNN
Dec 29, 2012 11:00am PST
the worst recession since the great depression. so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended, by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy, but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job-killing tax hikes, and we need to start cutting spending now. >> reporter: republicans refuse to play ball. they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls for government to be as small as possible. its roots are as old as american politics but today the philosophy's main spokesman is this man, grover norquist, president of americans for tax reform. norquist's pledge, signed by almost all republicans in congress, forbids signatories for raising taxes ever, under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce
KRON
Dec 27, 2012 6:00am PST
and republicans. president obama has cut his vacation short and is returning to the white house now. without a budget agreement automatic tax increases for everyone and deep spending cuts will be triggered and the new year. the main dispute continues to be over taxes. americans filing unemployment last week as dropped to 350,000. futures are up right now. a letter from treasury secretary tam geithner to congress sent after the bell yesterday may also weigh on the markets. >> the woman accused of killing a grandmother and a drunk driving accident at the twin peaks without has made her first court appearance. 23 year old gina eunice is accused of a hit and run drunken-driving in vehicular manslaughter. the accident occurred three people and killed 56 year old yuee byao who was here visiting her new grandchild from china. the judge set the bail at $2 million. if she posted she must wear a scram device that checks to make sure she is not drink alcohol and is not allowed to drive. she will be back in court for arraignment on december 31st. we will be right back. >> the layout has settled car owne
ABC
Dec 27, 2012 1:40am PST
number one is avoiding the fiscal cliff. >> unless the president obama and congress can reach a deal by the new year, tax increases and spending cuts will automatically take effect. >> and the clock is ticking. >>> of course, when we look back at this year, president obama's re-election was one of the biggest political stories of the year. all others, you could say, they pealed in comparison. >> with the first of our year-enders, here's abc's karen travers. >> reporter: to win a second term, president obama had to overcome a well funded opponent, a struggling economy, and voters' doubts that he had the right agenda to turn the nation around. [ chanting ] >> all: four more years! >> reporter: and after a roller coaster season, he got them. mitt romney may have started off at the frontrunner, but to win the republican nomination, he had to fend off some feisty challengers. >> he's the worst republican in the country to put up against barack obama. >> the odds are very high i'm going to be the nominee. >> reporter: and overcome some self-inflicted wounds. >> i like being able to fire pe
CBS
Dec 27, 2012 7:00am PST
in. leaving his family behind to continue their vacation without him, president obama boarded air force one early this morning and headed for washington to deal with unfinished fiscal cliff business. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they were waiting for the democratic controlled senate. the house will take this action on whatever the senate ca
FOX
Dec 28, 2012 7:00am EST
to raise taxes on people earning $250,000 a year. though president obama has signaled that he would up that to $400,000 a year in a compromised deal. republicans though, have rejected any tax increases, despite house speaker boehner's proposal to increase taxes on those people earning more than a million. not much has really changed before christmas. we'll see if the meeting today will change any of that. back to you. >> sherri ly reporting, thank you. >>> making headlines overseas this morning, rebels are closing in on the capitol and the u.s. is closing our embassy there. the state department is ordering the american ambassador and all his staff to leave immediately. rebels took 10 more towns in the last couple of days. air force cargo plane evacuated 40 americans overnight. and the u.s. is telling all american citizens in the central african republic to get out now. >>> in russia, president vladimir putin signed a bill banning americans from adopting russian children. the law is reportedly in retaliation for a new law in the u.s. that calls for sanctions against russian officials fo
CNBC
Dec 24, 2012 9:00am EST
looks like. the one on the table is still the old plan a. president obama's offer to raise taxes on the top 2%, restore the bush era tax cuts for the rest of us. yes there is talk about putting in spending cuts, raising medicare eligibility and changing the inflation measure for social security but that is still the one on the table. then there is the alternatives. the house passing that existing senate bill that's out there that would raise taxes on the top 2%. that doesn't include sequestration though. sequestration could happen so they have to either let it happen or insert some kind of stop-gap in there. the other one of course is just literally to extend everything for another month. extend all the cuts to the end of january and simply delay sequestration and of course that is the least desirable but that may be in fact the one that happens right now. let's move on and show you the market is still not very worried about it. the five-month high on an intraday basis on friday but still staying within that trading range that has been in for a while now. not really busting out a
CSPAN
Dec 28, 2012 2:00pm EST
president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. secretary dieter even said that a few days ago. --secretary tim geithner. it could delay the tax filings. the government relies on august revenue to come in and it usually comes flooding in during marc
FOX News
Dec 27, 2012 8:00am PST
moderate republicans they are willing to vote for a tax rate increase which is exactly what president obama has asked for. but they won't do it unless there are significant spending cuts and the promise of entitlement reform on the table. democrats have really at this point been unwilling to go in that direction. they believe they made cuts a couple years ago that were significant, and the entitlement reform is something they're not really willing to negotiate on right now because they feel it would, you know, endanger seniors and the poor. so a lot of this really has to do with spending cuts. everybody's focused on the tax issue, but i believe really the key to compromise here is going to be watch what happens with the spending cuts. if they can get significant spending cuts and the promise of entitlement reform, that's when you'll see these negotiations really get going. jon: well, that seemed to be part of what john boehner was bringing forward, the plan b. his caucus was ready to go with the tax increases on, you know, high earners in this country. but they didn't seem to be getting eno
FOX News
Dec 30, 2012 3:00pm PST
but president obama said today said the cuts can be offset by raising taxes on the rich. >> we have raised revenue by the wealthy paying a little bit more, that would be sufficient to turn off what's called the sequester, the automatic spending cuts and also have a better outcome for our economy long term. >> senator graham thinks it's possible to find $600 billion in cuts elsewhere to spare the defense department for the next decade but a bipartisan agreement probably can't be reached until february or march. >> thank you. >>> joining us now more on this, the military cuts, jack keene, retired 4 star general. thank you for being with us tonight. >> glad to be here. >> how do you get the job done of protecting the country with fewer resources? >> well, it becomes difficult. we've already had a $480 billion cut that's taken place in the defense department. most experts who look closely at that cut believe there's too much risk in that. add $500 billion on top of that, borders on irresponsibility. and it cuts into our ability to provide national security and protect the treasures of the unit
NBC
Dec 27, 2012 6:00am EST
obama leaves hawaii for washington, tension on capitol hill is on high. >> i don't see how you could handle a large plan involving tax reform in a matter of days. >> serious doubt is setting in. even starbucks is getting involved. john boehner said is sitting this round out. he failed to get enough house republicans to support his own plan just before christmas. >> i think that john boehner is being controlled unfortunately by the right wing. >> that leaves it up to harry reid and the rest of the senate to find a solution. aides say the plan would avoid tax increases and would eliminate some big spending cuts and restore unemployment benefits. >> you are likely to see a two- step process. dealing with the immediate dynamics so you can set up a situation where you can do with the larger situation. >> without a deal, bush-era tax cuts will expire on january 1. congress set up the deadline hoping it would force a compromise. so for that has backfired. also flying will be brian schatz. he will be replacing daniel inouye and will likely be sworn in later today. danielle leigh, wbal-tv 11
ABC
Dec 29, 2012 4:00am PST
to avoid middle-class tax hikes and deep spending cuts that go into effect at the first of the new year. president obama is pushing lawmakers on both sides of the aisle to reach an agreement. >>> and help may be on the way for victims of hurricane sandy. the senate approved a spending bill worth $60 billion. the measure heads to the house where some lawmakers are hesitating to approve the bill in the final days of the current session. >>> and in maine, the first same-sex couples are legally exchanging vows today. the new law legalizing same-sex marriage went into effect at midnight, 12:01 a.m. today. some ceremonies were held overnight. same-sex marriage became legal in maryland on tuesday. become legal on tuesday. >>> and finally, talk about living on the edge. in massachusetts, several homes on plum island are in danger of plunging into the atlantic ocean. thursday's storms and pounding waves are threatening their foundations. two homes are so unstable the homeowners can't get inside to retrieve their belongings. >>> now, time to ginger and the weather. >> pittsburgh, getting more sno
FOX
Dec 26, 2012 5:00am PST
. >> reporter: brian is congress does not act taxes will go up on all americans next tuesday. they are scheduled to get back to work for tomorrow morning which is when president barack obama's flight returns from hawaii but many are pest mystic he will reach -- pessimist particular they will reach the deadline. it is the republican controlled householding out. house speaker john boehner wants increase for those making only 1 million a year. they say it's more likely we will go over the cliff than not. >> if we allow that to happen it will be the most colossal consequential act of congressional you are responsibility in a long time. >> reporter: some republicans are saying president barack obama will actually get his way if a fiscal cliff is not reached before the deadline, kyle la campbell, washington d.c. newsroom. >>> and in general delegations are not as crowded as the first ones. as many as 800,000 are expected to be there for the president's 21st inauguration and that's less than those who flooded the area in 2009. >>> it should be much better and governor brown wants to overhaul the state'
FOX News
Dec 27, 2012 6:00am PST
in making a deal to avert across the board tax hikes for 90% of american households. president obama on his way back to washington right now but not all the lawmakers are there and if congress and the president do not reach a compromise before january 1st many analysts say the economy will slide back into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time we heard the president talk about the this matter he said he was calling on congressional leaders to essentially make sure taxes do not go up on middle class americans. presumably that would be a package that continues the bush tax cuts for those making up to $250,000. he would also like to continue emergency unemployment benefits for two million americans. and beyond that, details are kind of murky at this point. so we await the president to get back to washington. we know that the senate will be back in session today. we know there have been some conversations back and forth but at this point no indication that steps have moved forward closer to
CNN
Dec 26, 2012 4:00am PST
. >>> and vacation over, president obama cuts his trip to hawaii short but is there enough time to find a fiscal cliff compromise with republicans or will your taxes go up? on that note, good morning. i'm drew griffin. >> the question everyone wants answered. good morning, everybody, glad you're with us. i'm alina cho. soledad is off this morning. it's wednesday, december 26th. "starting point" begins right now. 8:00 in the east, our starting point a christmas to forget for millions of americans in the south and midwest, battling blizzard conditions and tornadoes. >> oh, my god, we need to go. it's right there. >> mobile, alabama, took a real beating overnight, a twister blowing transformers, and there are reports of extensive damage to homes, a high school, and a church. 200,000 people across the south are without power this morning. >> it came in behind the church right there, and then all green floors reent lighting and it was like popping transformers left and right and heard the crash and everything and the power went out. >> i prayed to god as loud as i could and i was just praying for my
FOX News
Dec 26, 2012 3:00am PST
aand shift it in 20 12 to avoid massuv tax increases in 2013. capitol curnly 14 -- 15. it is stocks and bonds and currently at 15 percent and president obama wants to raise it to 39 percent in >> yes, it will go back up to 39 percent andine that doesn't tell the full story. the obama care surcharge. it will rise up to 43.4 percent. it is a massive from year to year and explains why companies and ceo's are accelerating what does it mean for people going forward. we heard apple trying to bring a few job back to the united states. will this further push companies out of the united states? >> well, it will pub them out and do something worse. purpose of difdeppeds are corporations that are long on cash and distribute it to the shareholders can get it to the companies of tomorrow and don't have the money to grow and innovate . you are seeing it with las vegas sands. they announced a pay out and moved it up so they can save three and 31 million in taxes. you can see it with win-resorts. special dev dend so that steve wyn saved 21 million and larry elison third richardson accel brated difd
ABC
Dec 31, 2012 2:05am EST
remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do not go up, that would hurt our economy badly. we can get that done. >> reporter: president obama called for immediate action, but there was no vote in the senate. >> we're going to come in at 11:00 a.m. tomorrow morning and we'll have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> reporter: minority leader mitch mcconnell called vice president biden in for help. biden is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. senate leaders continue to work on the stop gap bill, but sticking points remain. >> there's still significant difference between the two sides, but negotiations continue. >> reporter: reid said negotiation also continue through the night,
CBS
Dec 27, 2012 4:00am PST
. >>> and now to the efforts to avoid the so-called fiscal cliff. president obama returns to washington later today and the senate is due in session, but just about everyone agrees with just five days left, the possibility for a grand bargain to avoid across-the-board tax increases and spending cuts is all but lost, and even prospects for watered down deals seems slim. tara mergener is in washington with more. tara, good morning. >> good morning, duarte. yes. hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everythi
FOX News
Dec 26, 2012 8:00am PST
turning to plan c. plan a was that $4 trillion debt deal, plan b was speaker boehner's idea about tax increases only for million dollar incomes and more, now turning to plan c which is president obama's idea which is to move it back to $250,000 or more, that would be the threshold for tax cuts or tax increases in the other direction, also dealing with two million people who are losing their unemployment benefits, president wants to the take care of that by the end of the year and finally, spending cuts kicked till later next year. that's one of the key things that's going to have to be ironed out if taxes are going up for some, republicans are saying you're going to be getting more revenue in the government, make sure that's not spent on new federal programs. you look at the front page of the star advertiser, it says obama headed back to work. he'll be flying back late tonight, get back to work. the picture here that showed the president and first lady, they were with troops at a marine base here, that's become a christmas tradition before the president heads out, basically, as they w
CBS
Dec 27, 2012 6:00am PST
are mixed after positive signs from the job market and word president obama will restart talks to avoid the so-called "fiscal cliff." there are just five days left until economists say across-the- board tax increases and spending cuts threaten to send our committee over the so- called "fiscal cliff." today the president heads back to washington to try to strike a deal with lawmakers. congressional leaders are urging the senate to consider a bill that is already passed in the house that would extend existing tax cuts. >> meantime, the us treasury department says it will start taking steps to prevent the government from hitting the $16.4 trillion debt limit. >> new evidence the job market is improving. over the past month, the number of people seeking first-time unemployment benefits dropped to the lowest level since 2008. the labor department says weekly applications fell 12,000 to a seasonally adjusted 350,000. but experts warn the christmas holiday may have disrupted the figures. >>> and chicago wins the dubious award of having the nation's most expensive metered parking. starting new
KRON
Dec 27, 2012 7:00am PST
, between democrats and republicans. present obama returns to watching today after cutting as holiday vacation in hawaii short. house and senate members are expected to reconvene today as well. without a budget agreement automatic tax increases for every one and d spending has will be triggered in the next year. the main dispute continues to be over taxes. >> as the nation nears the fiscal cliff in hawaii is lieutenant governor is said to be sworn in to the senate today replacing the late senator daniel inouye. for a year old schatz is a former white democratic party chairman and lawmaker. he was chosen over u.s. rep colleen had help boost the home was suggested shortly before it and always death. >> not allowing the vast majority of the house of representatives to get what they want. if that to 50 would be brought up it would pass over. on any given day for the last five or six months since the giant banner could have passed tax cuts and it would pass. he is doing, he has made the decision that he does not won a vote on it. because if he voted on it it would pass. i have sat here mr.
CNBC
Dec 28, 2012 4:00am EST
be able to put aside their differences and hammer out a deal to stave off most big tax hikes for the most americans? we'll head to washington next. >>> welcome back to "worldwide exchange." >> president obama calls congressional leaders to the white house in what could be the last chance to restart talks before the u.s. falls off the fiscal cliff next week. >>> a lackluster trading week of the year, but european equity markets are setd to post double digit earns for 2012. >>> and italy sold 6 billion ur he rows of longer dated paper. >>> and japan says other countries have no right to lecture japan on its currency policy. instead, calling for the u.s. to seek a stronger dollar. >>> let's check in on futures again and see if i can get the math right this time. dow jones industrial is poised to shed about 50 points at the open. similar declines with the nasdaq and the s&p 500. this would continue a string of lows which we've seen over the last four trading sessions. better than 2% of a drop for the nasdaq, which is also down about .8% for the month of december. so not much of a santa rally
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